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The CEO of the worlds largest asset management firm, BlackRock, believes that the reason why FTX failed is because it created its own FTX Token (FTT), which was centralized and therefore at odds with the “whole foundation of what crypto is.”Larry Fink, who serves as chairman and CEO of the
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Up to $40 billion a year (AU$60 billion), could be added to Australia's national GDP with the right regulatory framework and could lead to enormous cost savings for consumers and businesses according to a new report.The Nov. 29 Digital assets in Australia report was commissioned by the Tech Council of
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The Facebook parent company Meta announced that about 13% of its current workforce has been cut in the first mass layoff in the company’s history. In a letter to his employees, Meta CEO Mark Zuckerberg announced the layoffs and also reiterated that the hiring freeze, which began earlier this
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Money crypto and tech crypto present different risks that public policy might address. In money crypto, the risks look more or less as they do in traditional finance: third-party custody, third-party-facilitated payments, retail investor protection, illicit finance and market manipulation, among other things. CeFi looks a lot like traditional finance
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In an interview at the Solana Breakpoint conference in Lisbon, Osborn gave the example of a musician orchestrating an NFT mint via her own distribution platform. Let’s say (under the current tech landscape) her fans receive an email blast alerting them the mint window has opened. But: they have to
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If job numbers are so strong, why all the layoffs in technology? Original Source
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The world could be getting its first government-issued blockchain-based green bond later this year, the Hong Kong Monetary Authority announced on Monday at the city’s Fintech Week. The government said it has laid the groundwork for green finance on the blockchain through private and public partnerships such as the UN Global
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The financial technology associations for Thailand and Hungary have signed a bilateral Memorandum of Understanding (MOU) to support the introduction of blockchain technology to their respective financial sectors.The MOU, signed by the Thai Fintech Association (TFA) and the Hungarian Blockchain Coalition on Oct. 25, will see the two associations “share
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As inflation continues to grow, coupled with a looming recession, many tech firms are having to cut portions of their staff. To put this in perspective, data from Layoffs.fyi found that over 700 tech startups have experienced layoffs this year, impacting at least 93,519 employees globally. It has also been
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Sometime in the (Eastern time zone) evening on July 25, 2021, was the start of a magical run for bitcoin, punctuated by a late night 5% jump (noted by the yellow arrow in chart below). Bitcoin was in the mid-$30,000s range at the time, but by November it had reached
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